CTP expands inner city logistics footprint with additional €125m Czech investment in CTPark Brno Líšeň
BRNO, Czech Republic, January 19, 2021 – CTP, Continental Europe’s leading listed developer and owner of logistics real estate by gross lettable area (GLA), has added 69,000 m2 of buildings and development land to its CTPark Brno Líšeň in the Czech Republic through a sale-and-leaseback transaction with Zetor Tractors, the Czech agricultural machinery producer. The acquisition marks a major step in the overall €125 million transformation of the former Zetor brownfield industrial site into a modern new park for light manufacturing, retail, research, and inner city logistics which CTP embarked on in 2019. The transaction sees CTP consolidating its ownership in the Líšeň district, increasing the total land size to 29 hectares. Upon completion, CTPark Brno Líšeň will provide some 150,000 m2 of lettable area with over 2,500 jobs.
Zetor Tractors will continue to occupy the buildings that CTP has acquired in the latest transaction for its production activities.
CTP aims to complete the c. 80,000 m2 of space currently under construction at CTPark Brno Líšeň by 2024/2025, transforming a previously derelict area of Brno into a thriving urban business park. All the properties are built to BREEAM Excellent standards and solar energy is being used as a secondary source of electricity. The park’s current local and international occupiers include Europe’s leading online grocery delivery services provider Rohlik.cz, Czech supermarket and hypermarket chain Albert (part of the Netherlands-based Ahold Delhaize group), car soundproofing and accessory retailer Ahifi and Moog Brno— a major European manufacturer of specialist electrical machinery for the aerospace, automotive and energy industries.
Brno, the Czech Republic’s second largest city, is known as the country’s ‘silicon valley’ and is located at the key logistical position connecting Vienna, Bratislava and Prague. In Brno, CTP has developed the largest concentration of its high-tech parks with CTPark Brno Líšeň being the company’s third brownfield redevelopment within the city, alongside its Ponávka business park and Vlněna office centre.
Brno is also home to a large cluster of high-tech companies and benefits from the availability of skilled labour and the presence of 13 universities in the region. Rental and labour costs in this part of the Czech Republic are amongst the lowest in the European Union.
CTP has a share of almost 40% of the Czech industrial and logistics real estate market and 67% in Brno. Its total occupancy rate in the country is 96%. The company broke all previous records in 2021 delivering some 480,000 m2 of new space across the Czech Republic and is planning some 400,000 m2 of development in 2022.
Media Contact: Bellier Communication
Steve Hays Emma Villiers
T: +31 20 419 0901 T: +31 20 419 0901
E: steve.hays@bellierfinancial.com E: emma.villiers@bellierfinancial.com
CTP Group
CTP is Continental Europe’s largest owner, developer and manager of logistics and industrial real estate by gross lettable area, owning over 7.1 million m² of space in nine countries per September 30, 2021. The company expects to expand its portfolio to 10 million m² GLA by year-end 2022, a year earlier than the target set out at its Euronext IPO at the end of March 2021. CTP is the only developer in the region with its entire portfolio BREEAM certified and on track to reach carbon neutral operations this year, underlying its commitment to being a sustainable business
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